BYJU'S Expects 3-Fold Growth In Revenue In FY'22

BYJU's Founder and Chief Executive Officer (CEO) Byju Raveendran also defended roping in football star Lionel Messi as its global ambassador amid job cuts at the company.

Edtech major BYJU's expects to register a three-fold growth in revenue and losses to be halved in financial year 2022, according to a top company official.

BYJU's Founder and Chief Executive Officer (CEO)Byju Raveendran, at a startup event on Friday, also defended roping in football star Lionel Messi as its global ambassador amid job cuts at the company, saying the decision was taken six months ago.

"Addressing a gathering of entrepreneurs and investors at Tech Sparks 2022, Byju Raveendran said that the company with over 150 million learners, is well on its path to profitability as it expects revenue growth of 3 times and losses to be more than halved in FY'22," as per an excerpt of the event shared by BYJU's with PTI.

BYJU's had booked a loss of Rs 4,588 crore and revenue of Rs 2,428 crore for the fiscal year ended March 31, 2021.